Goldfarb Branham LLP Investigating Avon Products for Shareholders Due to U.S. Government Probe
July 07 2010 - 11:21AM
Business Wire
Goldfarb Branham LLP is investigating Avon Products (NYSE: AVP)
for shareholders due to a U.S. Government probe into potential
violations of the Foreign Corrupt Practices Act. Concerned
shareholders are urged to contact attorney Hamilton Lindley at
877-583-2855 or hlindley@goldfarbbranham.com.
“Avon disclosed that it had incurred significant fees associated
with the company’s internal investigation, focusing on compliance
with the FCPA in its Chinese operations,” said attorney Hamilton
Lindley. “In fact, Avon has suspended the president, chief
financial officer and top government affairs executive at its China
unit, and a fourth employee who was a senior executive in New York.
The investigation has now spread to at least four international
business units outside of China.”
Goldfarb Branham LLP is investigating a derivative lawsuit
against company executives for allowing this scheme to occur.
Derivative lawsuits often lead to restored confidence in companies
and increased shareholder value. If you are a shareholder of Avon,
you are encouraged to contact attorney Hamilton Lindley at
877-583-2855 or hlindley@goldfarbbranham.com. Lawyers at Goldfarb
Branham LLP have significant experience litigating derivative cases
and other shareholder lawsuits nationwide.
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